---
schema_version: "secwatch.filing_event.v1"
accession: "0000811830-23-000041"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:54:52.041322+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Santander Holdings USA reports Q3 2023 net income $120M; pre-tax loss $28M, NII down 8% YoY

## Summary
- Net income $120M vs $228M Q3 2022; pre-tax loss $28M vs income $304M YoY.
- Net interest income $1,471M, down 8% YoY from $1,599M; PPNR $828M vs $940M.
- CET1 ratio 12.8%, Tier 1 risk-based 10.3%, total risk-based 14.2%, all stable or slightly up.
- Moody's upgraded SHUSA senior debt to Baa2; S&P affirmed BBB+ with stable outlook.
- Auto loans 27% of assets; consumer net charge-off rate 2.00%, commercial 0.40%.

## SEC filing metadata
- accession: 0000811830-23-000041
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000081183023000041/0000811830-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000081183023000041/sov-20231103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-23-000041
- JSON: https://secwatch.observer/filing/0000811830-23-000041.json
- Plain text: https://secwatch.observer/filing/0000811830-23-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.